Emerita Resources Corp. Announces Increase to “Bought Deal” Financing
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PRESS RELEASE
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES.
EMERITA RESOURCES CORP. ANNOUNCES INCREASE TO “BOUGHT DEAL” FINANCING
Toronto, Canada – June 25, 2021 – Emerita Resources Corp. (TSXV:EMO) (the “Company”) is pleased to announce
today that, due to strong demand, it has agreed with Clarus Securities Inc. (“Clarus”) and Research Capital
Corporation (“ Research Capital ”) as co -lead underwriters and joint bookrunners on behalf of a syndicate of
underwriters (collectively, the “ Underwriters”), to increase the size of its previously announced C$10,000,100
“bought deal” private placement offering. Pursuant to the upsized deal terms, the Underwriters have agreed to
purchase, on a “bought deal” privat e placement basis 14,546,000 units of the Company (the “ Units”) at a price of
C$1.10 per Unit (the “ Offering Price”) for aggregate gross proceeds to the Company of C$ 16,000,600 (the
“Offering”). Each Unit will be comprised of one common share of the Compan y (a “Unit Share”) and one half of
one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant will
entitle the holder thereof to purchase one common share of the Company (a “ Warrant Share”) at a price of C$ 1.50
for a period of 24 months following the Closing Date (as defined below).
The Company has also granted to the Underwriters an option to purchase an additional 3,636,500 Units at the same
price, exercisable by the Underwriters for a period of up to two days prior to closing of the Offering for additional
gross proceeds of up to $4,000,150.
The Company plans to use the net proceeds of the Offering for working capital requ irements and general corporate
purposes.
The Offering is scheduled to close on or about July 15 , 2021, and is subject to certain conditions including, but not
limited to, the receipt of all necessary approvals of the TSX Venture Exchange. The securities to be issued under this
Offering will be offered by way of private placement exemptions in all the provinces of Canada. The Units to be issued
under this Offering will also be offered offshore, including in the United Kingdom pursuant to applicable exemptions
and in the United States on a private placement basis pursuant to exemptions from the registration requirements of the
United States Securities Act of 1933, as amended.
The securities referred to in this news release have not been, nor will they be, regi stered under the United States
Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account
or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.
This release does not constitute an offer for sale of, nor a solicitation for offers to buy, any securities in the United
States. Any public offering of securities in the United States must be made by means of a prospectus containing
detailed information about the issuer and its management, as well as financial statements.
About Emerita Resources Corp.
Emerita is a Canadian natural resource company engaged in the acquisition, exploration and development of mineral
properties with a primary focus on exploring in Spain.
Management has spent decades with major mining companies globally and has a successful track record that
includes numerous mineral deposit discoveries and subsequent project developments in North and South America,
Africa and Australia. The Company’s corporate office and technical team are based in Sevilla, Spain with an
administrative office in Toronto, Canada.
The Company’s shares are listed on the TSXV under the symbol “EMO”.
For further information please refer to the Company’s website at www.emeritaresources.com
Cautionary Note Regarding Forward-looking Information
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This press release contains “forward-looking information” within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, without limitation, statements regarding the Offering and the
Company’s future plans. Generally, forward-looking information can be identified by the use of forward-looking
terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”,
“forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases
or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be
achieved”. Forward- looking information is subject to known and unknown risks, uncertainties and other factors that
may cause the actual results, level of activity, performance or achievements of Emerita, as the case may be, to be
materially different from those expressed or implied by such forward-looking information, including but not limited
to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current
exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the
purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Emerita has
attempted to identify important factors that could cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking information. Emerita does not undertake to update any forward-looking
information, except in accordance with applicable securities laws.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS
DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.